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Top 5 Current Affairs: 5 February 2019

UK Home Secretary Sajid Javid on February 3, 2019 signed the order to extradite Indian business tycoon and liquor baron Vijay Mallya from the United Kingdom to India. Mallya now has a 14-day window to appeal against the order to a higher court.

Feb 5, 2019 17:59 IST
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States’ Budget 2019: West Bengal Government presents Rs 2.37 lakh crore state budget for 2019-20

Finance Minister Piyush Goyal on February 1, 2019 presented the Union Interim Budget 2019-20, an estimate of revenues and expenditure of the Government during a financial year 2018-19. On the similar lines, various state governments have begun presenting the budget of their respective states.

The West Bengal’s Finance Minister Amit Mitra on February 4, 2019 presented the state Budget 2019-20 of Rs 2.37 lakh crore with a Rs 9 crore deficit. The West Bengal Budget encompasses benefits for small farmers, unemployed youth and women.

Interim Budget 2019: How Income Tax slabs have changed since 2014?

As per the Interim Budget, the direct tax collection has increased substantially. The number of returns filed have increased from 3.79 crore to 6.85 crore, showing 80 percent growth in tax base since four years. In 2018-19, 99.54 percent of the income-tax returns were accepted as they were filed.

Indian taxation system has come a long way since 2014 when the Narendra Modi-led National Democratic Government (NDA) came to power in India. The NDA Government came into power at a juncture where India needed a decisive leadership that is free of corruption, policy paralysis and coalition compulsions.

UK government approves Vijay Mallya's extradition order

UK Home Secretary Sajid Javid on February 3, 2019 signed the order to extradite Indian business tycoon and liquor baron Vijay Mallya from the United Kingdom to India. Mallya now has a 14-day window to appeal against the order to a higher court.

The Secretary of State signed the order after having carefully considered all relevant matters. The move comes less than two months after a UK court ordered the extradition of the fugitive businessman to face charges of fraud and money laundering filed against him in India. It follows a nine-month-long trial on an extradition warrant, which began with Mallya’s arrest in April 2017 and ended in September.

Kisan Credit Card: IBA advisory waives off processing and other charges for KCC

The Indian Banking Association (IBA) on February 4, 2019 issued advisory guidelines requesting banks to waive off the processing, documentation, inspection, ledger folio charges and all other service charges for crop loans up to Rs 3 Lakhs or for the Kisan Credit Card Scheme.

The Department of Agriculture, Cooperation and Farmers Welfare on February 4, 2019 itself announced the launch of campaign with immediate effect to saturate farmers for financial inclusion under Kisan Credit Cards (KCC).

President Ram Nath Kovind to confer Sangeet Natak Akademi Awards for Year 2017


The President, Ram Nath Kovind will confer the prestigious Sangeet Natak Akademi Awards for the year 2017 on February 6, 2019 at Rashtrapati Bhawan during a special investiture ceremony.

The General Council of the Sangeet Natak Akademi selected 42 artists from the field of Music, Dance, Theatre, Puppetry and Overall contribution/scholarship in the Performing Arts for the Sangeet Natak Akademi Awards 2017at its meeting in Imphal, Manipur that was held on June 8, 2018.These 42 artists include one joint award.

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